lagan homes (lisburn) ltd
lagan homes (lisburn) ltd Company Information
Company Number
NI627960
Website
www.laganhomes.comRegistered Address
lagan house 19 clarendon road, belfast, co antrim, BT1 3BG
Industry
Construction of domestic buildings
Telephone
02890261026
Next Accounts Due
September 2025
Group Structure
View All
Shareholders
lagan homes (na.) ltd 100%
lagan homes (lisburn) ltd Estimated Valuation
Pomanda estimates the enterprise value of LAGAN HOMES (LISBURN) LTD at £1.7m based on a Turnover of £3.2m and 0.54x industry multiple (adjusted for size and gross margin).
lagan homes (lisburn) ltd Estimated Valuation
Pomanda estimates the enterprise value of LAGAN HOMES (LISBURN) LTD at £3.8m based on an EBITDA of £917.1k and a 4.12x industry multiple (adjusted for size and gross margin).
lagan homes (lisburn) ltd Estimated Valuation
Pomanda estimates the enterprise value of LAGAN HOMES (LISBURN) LTD at £0 based on Net Assets of £-19.9k and 1.36x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Lagan Homes (lisburn) Ltd Overview
Lagan Homes (lisburn) Ltd is a live company located in co antrim, BT1 3BG with a Companies House number of NI627960. It operates in the construction of domestic buildings sector, SIC Code 41202. Founded in November 2014, it's largest shareholder is lagan homes (na.) ltd with a 100% stake. Lagan Homes (lisburn) Ltd is a established, small sized company, Pomanda has estimated its turnover at £3.2m with declining growth in recent years.
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Lagan Homes (lisburn) Ltd Health Check
Pomanda's financial health check has awarded Lagan Homes (Lisburn) Ltd a 4 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 3 areas for improvement. Company Health Check FAQs
6 Strong
2 Regular
3 Weak
Size
annual sales of £3.2m, make it larger than the average company (£505.6k)
- Lagan Homes (lisburn) Ltd
£505.6k - Industry AVG
Growth
3 year (CAGR) sales growth of -18%, show it is growing at a slower rate (9.5%)
- Lagan Homes (lisburn) Ltd
9.5% - Industry AVG
Production
with a gross margin of 20.3%, this company has a comparable cost of product (20.3%)
- Lagan Homes (lisburn) Ltd
20.3% - Industry AVG
Profitability
an operating margin of 25.4% make it more profitable than the average company (5.1%)
- Lagan Homes (lisburn) Ltd
5.1% - Industry AVG
Employees
with 46 employees, this is above the industry average (4)
46 - Lagan Homes (lisburn) Ltd
4 - Industry AVG
Pay Structure
on an average salary of £43.4k, the company has an equivalent pay structure (£43.4k)
- Lagan Homes (lisburn) Ltd
£43.4k - Industry AVG
Efficiency
resulting in sales per employee of £68.9k, this is less efficient (£207.5k)
- Lagan Homes (lisburn) Ltd
£207.5k - Industry AVG
Debtor Days
it gets paid by customers after 4 days, this is earlier than average (24 days)
- Lagan Homes (lisburn) Ltd
24 days - Industry AVG
Creditor Days
its suppliers are paid after 38 days, this is slower than average (30 days)
- Lagan Homes (lisburn) Ltd
30 days - Industry AVG
Stock Days
it holds stock equivalent to 103 days, this is less than average (278 days)
- Lagan Homes (lisburn) Ltd
278 days - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Lagan Homes (lisburn) Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 100.1%, this is a higher level of debt than the average (71.8%)
100.1% - Lagan Homes (lisburn) Ltd
71.8% - Industry AVG
LAGAN HOMES (LISBURN) LTD financials
Lagan Homes (Lisburn) Ltd's latest turnover from December 2023 is estimated at £3.2 million and the company has net assets of -£19.9 thousand. According to their latest financial statements, Lagan Homes (Lisburn) Ltd has 46 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | 6,960,134 | 7,358,585 | 7,792,059 | 4,320,791 | |||||
| Other Income Or Grants | 0 | 0 | 0 | 0 | |||||
| Cost Of Sales | 5,649,288 | 5,813,418 | 5,948,692 | 2,953,737 | |||||
| Gross Profit | 1,310,846 | 1,545,167 | 1,843,367 | 1,367,054 | |||||
| Admin Expenses | 963,740 | 825,767 | 1,060,569 | 546,503 | |||||
| Operating Profit | 347,106 | 719,400 | 782,798 | 820,551 | |||||
| Interest Payable | 117,446 | 196,253 | 253,333 | 218,956 | |||||
| Interest Receivable | 0 | 0 | 0 | 0 | |||||
| Pre-Tax Profit | 229,660 | 523,147 | 529,465 | 601,595 | |||||
| Tax | -30,911 | -79,265 | -87,650 | -131,919 | |||||
| Profit After Tax | 198,749 | 443,882 | 441,815 | 469,676 | |||||
| Dividends Paid | 0 | 0 | 0 | 0 | |||||
| Retained Profit | 198,749 | 443,882 | 441,815 | 469,676 | |||||
| Employee Costs | |||||||||
| Number Of Employees | 46 | 49 | 49 | 49 | 48 | 44 | 45 | 37 | 37 |
| EBITDA* | 703,455 | 859,857 | 861,755 | 870,516 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 179,066 | 199,607 | 276,029 | 287,034 | 399,602 | 1,196,082 | 1,048,351 | 369,368 | 129,845 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 179,066 | 199,607 | 276,029 | 287,034 | 399,602 | 1,196,082 | 1,048,351 | 369,368 | 129,845 |
| Stock & work in progress | 717,191 | 717,191 | 0 | 221,673 | 644,830 | 1,451,243 | 3,291,252 | 3,273,051 | 4,506,501 |
| Trade Debtors | 38,005 | 53,370 | 68,048 | 69,048 | 63,548 | 40,119 | 28,625 | 29,993 | 10,744 |
| Group Debtors | 12,956,343 | 8,003,920 | 7,595,784 | 5,094,582 | 2,406,082 | 7,601,293 | 8,723,402 | 8,586,317 | 5,581,371 |
| Misc Debtors | 1,296,406 | 1,071,905 | 818,602 | 958,369 | 609,840 | 156,905 | 184,149 | 268,679 | 110,341 |
| Cash | 0 | 0 | 0 | 0 | 0 | 439 | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 15,007,945 | 9,846,386 | 8,482,434 | 6,343,672 | 3,724,300 | 9,249,999 | 12,227,428 | 12,158,040 | 10,208,957 |
| total assets | 15,187,011 | 10,045,993 | 8,758,463 | 6,630,706 | 4,123,902 | 10,446,081 | 13,275,779 | 12,527,408 | 10,338,802 |
| Bank overdraft | 8,524,690 | 4,725,970 | 5,895,627 | 3,478,768 | 75,865 | 3,579,771 | 5,689,404 | 4,803,588 | 3,632,720 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 1,421,000 | 1,440,000 | 2,160,000 |
| Trade Creditors | 269,303 | 77,067 | 290,238 | 917,131 | 846,670 | 1,067,902 | 889,470 | 773,521 | 342,008 |
| Group/Directors Accounts | 5,134,995 | 3,191,580 | 1,124,688 | 1,691,884 | 1,121,763 | 3,147,910 | 2,954,589 | 2,696,301 | 542,461 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 151,926 | 344,069 | 264,991 | 101,402 | 74,675 |
| other current liabilities | 113,885 | 219,317 | 250,076 | 378,651 | 191,683 | 169,067 | 153,173 | 272,431 | 255,732 |
| total current liabilities | 14,042,873 | 8,213,934 | 7,560,629 | 6,466,434 | 2,387,907 | 8,308,719 | 11,372,627 | 10,087,243 | 7,007,596 |
| loans | 1,149,054 | 1,724,428 | 939,825 | 0 | 0 | 0 | 0 | 1,361,000 | 2,831,000 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 150,642 | 552,328 | 547,778 | 167,673 | 30,529 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 15,000 | 44,892 | 83,199 | 95,278 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 10,985 | 11,947 | 19,203 | 30,911 | 0 | 0 | 0 |
| total long term liabilities | 1,164,054 | 1,769,320 | 1,034,009 | 107,225 | 169,845 | 583,239 | 547,778 | 1,528,673 | 2,861,529 |
| total liabilities | 15,206,927 | 9,983,254 | 8,594,638 | 6,573,659 | 2,557,752 | 8,891,958 | 11,920,405 | 11,615,916 | 9,869,125 |
| net assets | -19,916 | 62,739 | 163,825 | 57,047 | 1,566,150 | 1,554,123 | 1,355,374 | 911,492 | 469,677 |
| total shareholders funds | -19,916 | 62,739 | 163,825 | 57,047 | 1,566,150 | 1,554,123 | 1,355,374 | 911,492 | 469,677 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | 347,106 | 719,400 | 782,798 | 820,551 | |||||
| Depreciation | 112,910 | 138,807 | 150,657 | 183,263 | 281,289 | 356,349 | 140,457 | 78,957 | 49,965 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -30,911 | -79,265 | -87,650 | -131,919 | |||||
| Stock | 0 | 717,191 | -221,673 | -423,157 | -806,413 | -1,840,009 | 18,201 | -1,233,450 | 4,506,501 |
| Debtors | 5,161,559 | 646,761 | 2,360,435 | 3,042,529 | -4,718,847 | -1,137,859 | 51,187 | 3,182,533 | 5,702,456 |
| Creditors | 192,236 | -213,171 | -626,893 | 70,461 | -221,232 | 178,432 | 115,949 | 431,513 | 342,008 |
| Accruals and Deferred Income | -105,432 | -30,759 | -128,575 | 186,968 | 22,616 | 15,894 | -119,258 | 16,699 | 255,732 |
| Deferred Taxes & Provisions | 0 | -10,985 | -962 | -7,256 | -11,708 | 30,911 | 0 | 0 | 0 |
| Cash flow from operations | 3,875,649 | 707,895 | -726,766 | -8,872,620 | |||||
| Investing Activities | |||||||||
| capital expenditure | |||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||||
| Financing Activities | |||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | -1,421,000 | -19,000 | -720,000 | 2,160,000 |
| Group/Directors Accounts | 1,943,415 | 2,066,892 | -567,196 | 570,121 | -2,026,147 | 193,321 | 258,288 | 2,153,840 | 542,461 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -575,374 | 784,603 | 939,825 | 0 | 0 | 0 | -1,361,000 | -1,470,000 | 2,831,000 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | -302,568 | -593,829 | 83,628 | 543,694 | 163,871 | 105,204 |
| other long term liabilities | -29,892 | -38,307 | -12,079 | 95,278 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||
| interest | -117,446 | -196,253 | -253,333 | -218,956 | |||||
| cash flow from financing | -1,261,497 | -774,271 | -125,622 | 5,419,710 | |||||
| cash and cash equivalents | |||||||||
| cash | 0 | 0 | 0 | 0 | -439 | 439 | 0 | 0 | 0 |
| overdraft | 3,798,720 | -1,169,657 | 2,416,859 | 3,402,903 | -3,503,906 | -2,109,633 | 885,816 | 1,170,868 | 3,632,720 |
| change in cash | -3,798,720 | 1,169,657 | -2,416,859 | -3,402,903 | 3,503,467 | 2,110,072 | -885,816 | -1,170,868 | -3,632,720 |
lagan homes (lisburn) ltd Credit Report and Business Information
Lagan Homes (lisburn) Ltd Competitor Analysis
Perform a competitor analysis for lagan homes (lisburn) ltd by selecting its closest rivals, whether from the CONSTRUCTION sector, other small companies, companies in BT1 area or any other competitors across 12 key performance metrics.
lagan homes (lisburn) ltd Ownership
LAGAN HOMES (LISBURN) LTD group structure
Lagan Homes (Lisburn) Ltd has no subsidiary companies.
Ultimate parent company
2 parents
LAGAN HOMES (LISBURN) LTD
NI627960
lagan homes (lisburn) ltd directors
Lagan Homes (Lisburn) Ltd currently has 4 directors. The longest serving directors include Mr Sean McCann (As Trustee) (Nov 2014) and Mr Conor Mulligan (Nov 2014).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Sean McCann (As Trustee) | Northern Ireland | 58 years | Nov 2014 | - | Director |
| Mr Conor Mulligan | Northern Ireland | 55 years | Nov 2014 | - | Director |
| Mrs Linda McKillen | Northern Ireland | 50 years | Aug 2021 | - | Director |
| Mr Michael McCormick | Northern Ireland | 42 years | Feb 2022 | - | Director |
P&L
December 2023turnover
3.2m
+9%
operating profit
804.2k
0%
gross margin
20.3%
+2.04%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
-19.9k
-1.32%
total assets
15.2m
+0.51%
cash
0
0%
net assets
Total assets minus all liabilities
lagan homes (lisburn) ltd company details
company number
NI627960
Type
Private limited with Share Capital
industry
41202 - Construction of domestic buildings
incorporation date
November 2014
age
10
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
December 2023
previous names
N/A
accountant
BMK ACCOUNTING LIMITED
auditor
-
address
lagan house 19 clarendon road, belfast, co antrim, BT1 3BG
Bank
DANSKE BANK
Legal Advisor
-
lagan homes (lisburn) ltd Charges & Mortgages
A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.
We did not find charges/mortgages relating to lagan homes (lisburn) ltd.
lagan homes (lisburn) ltd Companies House Filings - See Documents
| date | description | view/download |
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